(March 31, 2011) MCLEAN, Va. (PRNewswire-USNewswire) — Prices of fuel-efficient, used cars — both at auction and at the retail level — continue to feel the ripple effect of the March 11 earthquake and tsunami in Japan.
"The dramatic increase in wholesale vehicle prices indicates that buyers are expecting the supply of small, fuel-efficient cars to dwindle even more because of the crisis in Japan and gas prices that continue to rise," said Jonathan Banks, executive automotive analyst for the NADA Used Car Guide.